Village Financed Grant Sample Clauses

Village Financed Grant. The Village shall provide a development incentive grant to Developer in the amount of Seven Hundred and Fifty Thousand Dollars ($750,000) (the “Incentive Grant”). This grant shall be paid to Developer in three installments in accordance with the following schedule:
Sample 1
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Village Financed Grant. The Village shall provide a development incentive grant to MOI in the amount of two hundred thousand dollars ($200,000) (the “Incentive Grant”), which MOI shall loan to the Developer for use in connection with the development of the Project and the reimbursement of certain eligible project costs. The Incentive Grant shall be paid to MOI within 30 days after Developer obtains its building permit for the Project and makes written request for payment to the Village. The Village shall not issue any payments until Developer has delivered to the Village verification that the conditions in Section F of this Agreement have been satisfied. If the Village is unable to pay the Incentive Grant to the Developer within 30 days due to an event or circumstances beyond the Village's reasonable ability to control, then the time for the Village to pay the Incentive Grant shall be extended until such time as the Village can make said payments, however in no event later than 60 days after Developer satisfies the above corresponding conditions and makes written request for payment.
Sample 1
Village Financed Grant. The Village shall provide a development incentive grant to Developer in the amount of three hundred thousand dollars ($300,000) purchase price credit at the closing of the sale of the JEK Property from the Village to the Developer, and a one hundred twenty-five thousand dollar up-front payment (collectively the “Incentive Grant”), which shall be paid to the Developer for use in connection with the development of the Project and the reimbursement of certain eligible project costs.
Sample 1
Village Financed Grant. The Village shall provide a development incentive grant in the form of a reduced land sale price in the conveyance of the Property in the amount of one hundred sixty-six thousand dollars ($166,000) (“Incentive Grant”), which the Developer shall use in connection with the development of the Project and the reimbursement of certain eligible project costs.
Sample 1

Related to Village Financed Grant

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  • Pre-financing Pre-financing is intended to provide the beneficiary with a float. Where required by the provisions of Article I.4 on pre-financing, the beneficiary shall furnish a financial guarantee from a bank or an approved financial institution established in one of the Member States of the European Union. The guarantor shall stand as first call guarantor and shall not require the Commission to have recourse against the principal debtor (the beneficiary). The financial guarantee shall remain in force until final payments by the Commission match the proportion of the total grant accounted for by pre-financing. The Commission undertakes to release the guarantee within 30 days following that date.

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  • Seller Financing Seller agrees to provide financing to the Buyer under the following terms and conditions:

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